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Scrappy Doo
21 Sep 17 09:27
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Date Joined: 02 Aug 06
| Topic/replies: 442 | Blogger: Scrappy Doo's blog
FOR Example if I have a 100 double on with a bookies that pays 5-1

and the 2 horses to lay on exchanges are 1.71 and 2.35  (Commission at 4% and the horses aren't running at same time).

what are the odds for the double lay if they both win , and what is the calculation?

Not forgetting commiso
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Report swift-tuttle September 21, 2017 9:40 AM BST
please clarify - will your return from the bookie be 600?

i.e. 100 stake and 500 profit
Report Scrappy Doo September 21, 2017 9:45 AM BST
indeed ty
Report swift-tuttle September 21, 2017 9:50 AM BST
Then you're sitting pertty

As the horses are not 'across the card' you can be as felxible as you want to be on the first won to run

e.g. 70 lay liability of about 50
Report onlooker September 21, 2017 9:55 AM BST
a) - Is that 5/1 Profit (Excluding Stake) - or 5/1 Returned (including Stake)
   - ie - £500 Profit - or £400 Profit?

b) - The Exchange prices that you quote are unlikely - at the SAME time as the Bookie bet placed -  as they are much lower that the Bookie odds.

c) - Are you proposing the Hedge/Lay back the Bookie bet on the Exchange?
   
d) -  1.71 = 11/8 ... 2.35 = just over 11/8
   -  The Exchange Double would, therefore  come to 4.1 - or a Liability of 3.1 ... or  £310 (excluding commission)

You need to explain your intentions more fully - for further input.
Report onlooker September 21, 2017 10:11 AM BST
*  typo   -

d) -  1.71 = 8/11 ... 2.35 = just over 11/8
Report top2rated September 21, 2017 10:51 AM BST
* omission (shown in red text) & error (shown in purple text) -

d)- 1.71 = just under 8/11 ... 2.35 = just under 11/8

regards
Ronnie
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